Indemnification of Parent and Acquisition Sub Sample Clauses

Indemnification of Parent and Acquisition Sub. 44 9.1 Survival..................................................... 44 9.2 Indemnification.............................................. 44 9.3
AutoNDA by SimpleDocs
Indemnification of Parent and Acquisition Sub. The Company Shareholders shall indemnify, defend and hold harmless Parent, Acquisition Sub, the Company, and their respective officers, directors, agents, employees and controlling persons (the "IVG Indemnified Parties") from and against any Losses incurred by any such IVG Indemnified Parties (including any Losses incurred by the Company following the Closing) by reason of any breach of, or default in, any representation, warranty, covenant or agreement of the Company or Company Shareholder, contained in this Agreement, including the Schedules hereto, or in any document, certificate or instrument delivered in connection herewith. Notwithstanding anything else provided herein, any such IVG Indemnified Parties shall be entitled to indemnification only if, and to the extent, Losses incurred by such IVG Indemnified Parties for which the IVG Indemnified Parties are entitled to indemnification hereunder in the aggregate (including any Losses incurred by the Company) exceed Ten Thousand Dollars ($10,000). The liability of the Company Shareholders to indemnify the IVG Indemnified Parties shall be limited, in the aggregate for all claims for indemnification under this Agreement, to $3,583,000.
Indemnification of Parent and Acquisition Sub. Seller shall defend, indemnify and hold Parent and Acquisition Sub harmless from and against any liabilities, losses, claims, damages, costs, expenses and settlement amounts (including, without limitation, reasonable attorneys’ fees) arising out of or in connection with, directly or indirectly, (a) any inaccuracy or breach of a representation or warranty made by Seller in the Agreement or related transaction documents; (b) any failure by Seller to perform or comply with any of its covenants contained herein; (c) any action, suit, proceeding, claim, arbitration or investigation initiated by employees, founders, or stockholders of, or creditors to, Seller, or any other third party, against Seller, Parent or Acquisition Sub or any of their respective directors, officers and stockholders, including, without limitation, any such action, suit, proceeding, claim, arbitration or investigation relating to a bankruptcy filing by Seller; and (d) the failure of Seller to cause secured parties to release Liens encumbering the Purchased Assets in accordance with Schedule 6.1.
Indemnification of Parent and Acquisition Sub 

Related to Indemnification of Parent and Acquisition Sub

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!